The National Stock Exchange (NSE) has warned that regulatory changes, technology failures, cyberattacks and AI-related risks, coupled with its significant dependence on derivatives trading revenues, could materially affect its financial performance and business operations.
In its draft red herring prospectus (DRHP) filed on Wednesday, the country's largest stock exchange said transaction charges accounted for 78.65 per cent of its operating revenue in FY26, with options trading alone contributing 60.22 per cent of total revenue from operations.
